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Sentiment Report for the week ended February 12, 2021

NSEASI buy 29% sell 71% volume index 1.36 MFI 73.22
Access buy 39% sell 61% volume index 0.99 MFI 60.68
Afrins buy � MFI 98.38
Afrprud buy 31% sell 69% volume index 1.09 MFI 55.42
Aiico buy 26% sell 74% MFI 30.45
Ardova buy 0% MFI 67.67
Bua buy 28% sell 72% MFI 91.18
Cadbury buy 0% MFI 48.05
Cap buy 0% MFI 38.54
Caverton buy 0% MFI 51.32
Chams buy 50% sell 50% MFI 69.12
Courtville buy 0% volume index 5.48 MFI 53.40
Custodian buy 0% MFI 86.40
Cutix buy 50% sell 50% MFI 79.64
Dangcem buy 47% sell 53% MFI 57.29
Dangsugar buy 46% sell 54% volume index 1.25 MFI 50.78
Eti buy12% sell 88% volume index 0.99 MFI 50.29
Fbnh buy 70% sell 30% volume index volume 1.51 MFI 47.06
Fcmb buy 16% sell 84% MFI 35.79
Fidelity buy 43% sell 57% volume index 0.87 MFI 49.64
Fidson buy 75% sell 25% volume index 1.38 MFI 68.52
Fmn buy 43% sell 57% MFI 79.87
Ftn buy 12% sell 88% volume index 0.93 MFI 35.13
Glaxo buy 67% sell 33% MFI 49.01
GT buy 5% sell 95% volume index 0.95 MFI 54.26
Honyflour buy 17% sell 83% volume index 1.31 MFI 70.60
Jaiz buy 20% sell 80% MFI 10.01
Jberger buy 0% MFI 67.17
Learn buy 0% volume index 1.12 MFI 41.33
Linkass buy 59% sell 41% volume index 2.92 MFI 74.23
Lvstk buy 0% volume index 0.77 MFI 53.83
Mansard buy 33% sell 67% volume index 1.13 MFI 49.81
Maybaker buy � volume index 1.05 MFI 71.30
Mben buy � MFI 80.07
Mtnn buy 77% sell 23% volume index 1.53 MFI 94.52
M/verse buy 20% sell 80% volume index 0.94 MFI 71.34
Nahco buy 52% sell 48% volume index 0.99 MFI 50.84
Nascon buy 67% sell 33% volume index 1.93 MFI 45.39
Neimeth buy � MFI 38.71
Nem buy 0% volume index 0.96 MFI 78.53
Npf buy � MFI 71.47
Oando buy 23% sell 77% volume index 0.73 MFI 68.70
Presco buy 0% MFI 82.10
Prestige buy 75% sell 25% MFI 59.63
Pz buy � volume index 0.84 MFI 64.85
Red buy � volume index 1.76 MFI 50.61
Regalins buy 40% sell 60% MFI 41.69
Royalex buy 33% sell 67% MFI 59.58
Sterling buy 45% sell 55% MFI 48.70
Transcorp buy 57% sell 43% volume index 1.04 MFI 54.28
Uacp buy 99% sell 10% volume index 0.92 MFI 50.57
Uacn buy 18% sell 82% volume index 0.82 MFI 81.23
Uba buy 50% sell 50% volume index 0.77 MFI 51.07
Ubn buy 0% volume index 2.73 MFI 30.95
Ucap buy 81% sell 19% volume index 1.24 MFI 77.82
Unilever buy 56% sell 44% MFI 55.57
Unity buy 75% sell 25% MFI 67.42
Vitafoam buy � volume index 2.09 MFI 73.56
Wapco buy 38% sell 62% volume index 1.08 MFI 67.32
Wapic buy 86% sell 14% volume index 1.03 MFI 61.87
Wema buy 29% sell 71% MFI 41.89
Zenith buy 67% sell 33% volume index 0.96 MFI 55.64

Investdata Weekly Sentiment Report

https://investdataltd..com/2021/02/sentiment-report-for-week-ended_15.html

The Profit Point by OGTV as at 11th Feb 2021

Hello Investors and Traders,

I just posted The Profit Point by OGTV as of 11/02/2021.

Share with me what you think about the video and don't forget to click on subscribe button so that you can be among the first to get the latest update.


Ambrose Omordion


https://www.youtube.com/watch?v=hI6H7KwA16c

Questions and Answers with Ambrose Omordion as at 13th Feb 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion replay as at 13/02/2021. Click on the below link to watch Now.

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https://www.youtube.com/watch?v=bi8jPtI904s&feature=youtu.be

Ambrose Omordion

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As NGSE Index Drops Lower, Time To Seek Dividend, Sound, Mispriced Stocks

Market Update for February 9

The bearish mode of the nation’s equity market expectedly reduced in intensity on Tuesday, after low cap stocks sustained an uptrend, with the Nigerian Stock Exchange All-Share index closing the session marginally lower on a low traded volume and flat market breadth.

The day’s price action signalled the willingness of market players to take controlled risk at this moment, which is another bullish sign that needs confirmation at the end of midweek’s trading, as investors keep their gaze on early filers whose audited results are being expected any moment from next week, coupled with the expected January inflation data from National Bureau of Statistics.

The over one-week of divergence between the oil price rallying above its one-year high at $61.03 per barrel as of yesterday, and the Nigerian equity market’s sustained pullback, even as the peak of the earnings reporting season draw closer, have become a source of concern to many investors and traders. This, therefore, calls for cautious trading as reflected already in the transaction volume and persistent profit taking.

However, with the expected 2020 full-year audited reports and improved dividend yields as a result of this correction, the market looks to early filers like sister companies- United Capital and Africa Prudential, as well as Zenith Bank, Cadbury and Nigerian Breweries, among others to change the current trend, depending on juicy their dividend news is to investors.

Tuesday’s trading started slightly on the upside and oscillated between mid-morning and afternoon on profit taking and selloffs across all sectors, pushing the composite NSEASI to an intraday low of 41,510.16 basis points, from its highs of 41, 564.16bps. Thereafter, the session finished below its opening level at 41,510.16bps.

Index and Market Caps

Specifically, the NSEASI closed 54.15 basis points down on Tuesday at 41,510.16bps compared to the 41,564.31bps it opened, representing a 0.13% drop, just as market capitalization fell by N28.33bn, at N21.72tr, from its N21.74tr, also representing 0.13% depreciation in value.

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The downturn was due to continued selloffs in Guaranty Trust Bank, Zenith Bank, UBA, PZ Cussons, International Breweries, Guinness, UACN, Lafarge Africa, and Ardova, among others. This impacted mildly on the market, leaving Year-To-Date gain at 3.08%, just as YTD gain in market capitalization stood at N723.67bn, or 3.21%.

Also on Tuesday, 11 Plc (formerly Mobil Oil Nigeria) began the process of delisting its entire shares from the NSE (READ MORE), just as SUNU Assurances announced the success of its private placements for N3.01bn as part of the insurance sector capitalisation exercise (READ MORE).

Bearish Sector Indices

Performance indexes across the sectors were bearish, as the NSE Insurance index led the decliners with a loss 1.73%, followed by the Banking, Consumer, Energy and industrial goods with 0.53%, 0.25%, 0.25% and 0.04% lower respectively.

Market breadth was equilibrium, as advancers were equal to decliners in the ratio of 23:23; just as activities in volume and value terms were mixed, as transacted volume was down by 10.15% as investors exchanged 305.93m shares from the previous day 340.28m units, while traded value rose by 49.66% to N3.95bn from Monday’s N2.64bn. Volume was driven by trades in FBNH, Guinness, RT Briscoe, Zenith Bank and Sterling Bank

Champion Breweries and RT Briscoe were the best performing stocks, after gaining 10% each, at N2.75 and N0.22 per share, on market forces, while on the flip side, NNFM and NEM Insurance lost 9.94% and 9.20%, closing at N7.79 and N2.27per share, on profit taking.

Market Outlook

Market breadth closed flat on a reduced losing momentum and profits taking, as bargain hunters took advantage of the pullbacks to reposition their portfolios ahead of earnings expectations and reaction to numbers that would be unveiled, given that dividend yield remains relatively high. We advise that you target dividend-paying stocks and fundamentally sound companies with growth prospect in 2021, looking the way of mispriced ones, especially given the rising oil prices that had so far supported the economy and equity market. Despite the seeming improvement in the fixed income yield that had remain in negative real return due to high inflation.

There is, nonetheless, also the likelihood of a reversal in trend and continuation, as investors position in high yields stocks ahead of the earnings season. Also, important is the fact that technical indicators reveal overbought on the weekly and daily chart, while the RSI read 70 points and above, a situation that supports the likelihood of another correction.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected 2020 full earnings reports, especially now that the outcome of the MPC meeting has given the market a direction, until the next gathering in March.

The NSE’s index action and indicators are looking up in the same direction on a very high traded volume and positive buying sentiments.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the rest of the year.

https://investdata.com.ng/as-ngse-index-drops-lower-time-to-seek-dividend-sound-mispriced-stocks/

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Loss Momentum May Slowdown, As Investors Position Ahead Of Early Filers

Market Update for February 8
Equity prices moved further lower on the Nigerian Stock Exchange (NSE) Monday, starting the week on a negative note, thereby extending the bear transition for the sixth consecutive session on a low traded volume, but positive breadth. This signals a change in trading pattern that supports reversal, which is a function of market forces in the next trading day to confirm trend.

As the spread of Coronavirus pandemic slows down in different parts of the world, and with the vaccine rollout efforts likely to generate and support an increased buying interest, market players remaining optimistic about the outlook for the global and domestic economy,

Also, on Monday, the International Monetary Fund (IMF), following the conclusion of the Article IV consultation with Nigeria, said given the impact of the pandemic the Nigerian economy could contract by as much as 3.2% in 2020 when its final GDP figures are released in the coming weeks. The good news is that it could turn the corner this year when it is projected to grow by 1.5%, depending on how certain things play out during the year (READ MORE).

Following the pullbacks seen in the previous week, bargain hunting activities are obvious in the market as revealed by the positive breadth and low traded volume that indicates the possibility of smart money marking up prices ahead of the earnings reporting season, while early filers are likely to release their numbers any moment from now.

The relative market stability in the midst of continued profit taking, reactions to the Q4 unaudited earnings news continue, with investors taking advantage of the price correction to reposition. These are also happening at a time oil price is at its one-year high of $60.10, and the improvement in fixed income yields is yet no threat to the stock market, given that the dividend yields of many companies remain attractive.

However, with the expected 2020 full-year audited reports and improved dividend yields as a result of this correction, the market looks to early filers like United Capital, Africa Prudential, Zenith Bank, and Nigerian Breweries, among others, to start submitting their scorecards from this week. This situation could obviously change the current trend, depending however on the strength of their corporate actions.

Meanwhile, Monday’s trading opened on the upside, turning red between the midday and afternoon on profit taking and selloffs in the banking, consumer and insurance, which pushed the composite All-Share index to an intraday low of 41,536.70 basis points, from its highs of 41,737.056bps. Thereafter, the session notched some points but still finished below its opening level at 41,564.31bps.

Market technicals were negative and mixed, as volume traded was lower than the previous day’s in the midst of breadth that favoured the bulls on high selling pressure as revealed by Investdata’s Sentiments Report showing 86% ‘sell,’ and 14% buy position. Total transaction volume index stood at 0.60 points, just as the momentum behind the day’s performance remained relatively strong, with Money flow index dropping to 47.86pts, from the previous day’s 54.86pts, indicating that funds left the market as selloffs persist,

Index and Market Caps

At the end of Monday’s trading, the benchmark NSEASI shed 114.78 basis points, closing at 41,564.31bps from the 41,709.09bps it opened, representing a 0.35% decline, just as market capitalization lost N74bn, closing at N21.74 trillion from N21.82tr, which represented 0.34% decline. This marginal difference in both indicators was due to the listing of 10 million new ordinary shares of Briclinks Plc at N6.26 per unit.

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Monday’s downtrend was driven by profit taking and selloffs in Guaranty Trust Bank, Zenith Bank, Flour Mills, PZ Cussons, Champion Breweries, and Dangote Sugar, among others. ‘This impacted negatively on the market, reducing Year-To-Date gain to 3.21%, just as YTD gain in market capitalization stood at N745.01bn, or 3.34%.

Bearish Sector Indices

All the sectorial indexes were bearish, save for the NSE Industrial Goods that closed 0.05% higher, while the NSE Banking index led the decliners, losing 2.68%, followed by the Insurance, Consumer and Energy with 0.84%, 0.25% and 0.01% lower respectively.

Market breadth turned positive, as advancers outnumbered decliners in the ratio of 22:16; just as activities in volume and value terms were down by 29.45% and 54.65% respectively, while stockbrokers traded 340.28m shares worth N2.64bn, as against the previous day’s 482.32m units valued at N5.38bn. The day’s volume was driven by trades in UBN, FBNH, Access Bank, Transcorp and Zenith Bank.

Multiverse and Fidson Healthcare were the best performing stocks, gaining 8.33% and 8.30% respectively, at N0.26 and N6.00 per share, on market forces and dividend expectations, while on the flip side, Champion Breweries and PZ lost 9.75% and 9.73%, closing at N2.50 and N5.11per share, on profit taking.

Market Outlook

We expect the market to slowdown its losing momentum and profits taking, as bargain hunters take advantage of the pullbacks to reposition their portfolios ahead of earnings expectations and reaction to numbers that would be unveiled. This is given that dividend yield remains relatively high. We advise investors to target dividend-paying stocks and fundamentally sound companies with growth prospect in 2021, looking the way of mispriced ones, especially given the rising oil prices that had so far supported the economy and equity market. Despite the seeming improvement in the fixed income yield that had remain in negative real return due to high inflation.

There is, nonetheless, also the likelihood of a reversal in trend and continuation, as investors position in high yields stocks ahead of the earnings season. Also, important is the fact that technical indicators reveal overbought on the weekly and daily chart, while the RSI read 70 points and above, a situation that supports the likelihood of another correction.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected 2020 full earnings reports, especially now that the outcome of the MPC meeting has given the market a direction, until the next gathering in March.

The NSE’s index action and indicators are looking up in the same direction on a very high traded volume and positive buying sentiments.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the rest of the year.

https://investdata.com.ng/loss-momentum-may-slowdown-as-investors-position-ahead-of-early-filers/

Sentiment Report for February 8, 2021

NSEASI buy 14% sell 86% MFI 47.49
Access buy 75% sell 25% volume index 1.38 MFI 35.87
Afrprud buy � volume index 1.29 MFI 49.11
Aiico buy 0% MFI 47.93
Chams buy � MFI 25.25
Custodian buy � MFI 62.47
Dangsugar buy � MFI 69.00
Eti buy 0% volume index 0.89 MFI 45.02
Fbnh buy � volume index 1.94 MFI 65.29
Fcmb buy 7% sell 93% MFI 82.99
Fidelity buy � MFI 48.44
Ftn buy 20% sell 80% MFI 35.97
Glaxo buy 0% MFI 54.80
Jaiz buy 0% volume index 0.90 MFI 51.29
Jagold buy 80% sell 20% MFI 23.03
Mansard buy 72% sell 28% volume index 0.77 MFI 46.94
Maybaker buy � volume index 1.05 MFI 64.20
Mben buy � MFI 52.48
Nascon buy 0% volume index 2.91 MFI 57.47
Oando buy 33% sell 67% MFI 10.42
Prestige buy � MFI 42.64
Sterling buy � MFI 63.17
Transcorp buy � MFI 20.51
Uacp buy 0% MFI 40.22
Uacn buy � MFI 69.21
Uba buy � MFI 50.72
Ucap buy 66% sell 34% volume index 1.27 MFI 61.82
Vitafoam buy 0% volume index 0.89 MFI 53.93
Wapco buy 60% sell 40% MFI 72.78
Wapic buy 0% MFI 57.87
Wema buy 0% volume index 0.86 MFI 32.37
Zenith buy 33% sell 67% MFI 49.77

Investdata Daily Sentiment Report

Questions and Answers with Ambrose Omordion as of 6th February 2021



Hello Investors and Traders,



I just posted Questions and Answers with Ambrose Omordion replay as of 06/02/2021. Click on the below link to watch Now.



Don't forget to share with me what you think about the analysis. Also, click on subscribe button so that you can be among the first to get the latest update.




https://www.youtube.com/watch?v=mQSAarEynMU



Ambrose Omordion

Hello Investors,



The, buy & sell signal for this week have been posted on the membership site for you. Pls, click on the long link for this week's download.



I have added a further twist to it. This includes.

1. Low Priced Stocks to Watch

2. Stocks to lead recovery

3. Defensive Stocks

4. Dividend Stocks with Strong Yields and Fundamentals

5. Stocks to Benefit from Corona Virus-Induced Economic downturn and government Intervention

20 Stocks building new bullish base





However, you need to login on to the membership site before you can have access to it.



Kindly click on the below link now to login with your username and password



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However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately



To Your Success

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P.S. You need to act fast. You know time to wait for no one.

CBN’s Move Against Crypto currency Investors May Boost Funds Inflow To NGSE

Market Update for the Week Ended Feb. 5 and Outlook for 8-12

The first full trading week of February ended last week on the Nigerian Stock Exchange (NSE) with a negative sentiment and outlook, on the back of profit taking and selloffs that halted the uptrend and recovery move. This reflected in the benchmark All-Share index (ASI) which had been up on positive sentiments and improved liquidity, among others.

It is noteworthy that on the last trading day of week, the market signaled a change in pattern, with bargain hunters taking advantage of the pullbacks to reposition in different classes of stocks that had suffered price cuts during the period. Investors continue that reviews ahead of the earnings reporting season, and release by the National Bureau of Statistics of the year’s first inflation data.

Friday’s buying sentiment in the midst of profit booking and portfolio repositioning helped the market resist further decline, as it closed marginally lower on a low traded volume and negative breadth.

The composite NSEASI witnessed a pullback during the week, breaking down the 42,000 psychological lines on profit booking in high cap stocks, and buying interests in dividend paying equities. These boosted the week’s volume, revealing new positioning in sectors that were behind during late last year’s rally.

In equity investment and trading, taking profit is as important as positioning in fundamentally sound stocks. After all, you only make money when you close a position and take money off the table.

Notwithstanding the current trend, Investdata believes the market still has some inherent value for those investors who know where to look.

We note that during the last year and month, analysts and investors have spoken a lot about valuation, even as equities repeatedly make new 52-week highs, with questions centered on overvalued stocks and the market’s overbought region.

The Nigerian stock market has been driven and supported in recent months by factors such as the low interest rate regime, following the decision of the monetary policy authority to leave rates unchanged at its meeting that ended last week, and the rising crude oil price in the international market. Changes in oil price are a function of demand and supply, with output determined by the Organisation of Petroleum Exporting Countries. We note the rise in price arising from the voluntary production cut by some oil producing countries, including OPEC and non-OPEC members, otherwise known as OPEC+, following which it current hit its year-high of $59.37 per barrel, a juicy improvement on Nigeria’s 2020 and 2021 budget benchmark prices of $40 and $45 respectively.

Movement Of NSEASI

It was a bearish trading week, with five sessions of down markets due to profit-taking and portfolio reshuffling dominated by selling positions.

The index opened on the downside Monday, losing 0.20% due to profit booking and indecision among players, a trend that was sustained on Tuesday when the benchmark index closed 0.74% lower. The bearish trend was extended for the rest of the week as the index lost 0.1% at the midweek, before shedding 0.51% and 0.18% on Thursday and Friday respectively. This resulted in a total loss of 1.66% during week, from previous week’s 3.44% gain, on a high traded volume and negative breadth.

Specifically, the index shed 703.57 basis points, closing at 41,709.09bps, after opening the week at 42,412.66bps. During the period, the index touched an intra-week low of 41,522.14bps, compared to its highs of 42,472.56bps. This resulted from profit taking and increased selling pressure in high and medium cap stocks, just as market capitalization fell by N368bn to N21.82tr, from the previous weekend’s N22.19tr, representing a 1.66% value loss.

The advancers’ table was dominated by low and medium cap stocks, reflecting the mixed sentiments, with the trading pattern revealing profit taking and selloffs, on a negative negative that supports lower prices and pullbacks among all classes stocks.

During the period, decliners outpaced advancers in the ratio of 60:22 on a selling sentiment and weak momentum as Money Flow Index read 80.50bps, down from 88.81 points in the previous week. During the week, many companies released unaudited quarterly and 2020 full year result, just as more quoted companies notified the Exchange of closed period for their audited 2020 financials and board meetings.

NSEASI WEEKLY CHART MOVEMENT

The NSE’s index action was bearish and volatile during the week on a mixed sentiments, as discerning investors accumulates position among dividend paying stocks ahead of the release of 2020 financials in this month and next. Also, the index is trading above the seven, 50 and 200-Day Moving Average, despite breaking down the 42,000 mark strong support level on a high traded volume and mixed sentiments. This is likely to reverse as more players’ position for the rest of the month in expectation of earnings.

Nevertheless, it is expected that the market will turn up at any time especially, as early filers start releasing their numbers to the market and trading above the 42,000bps level.

This is also especially as factors that supported the market to this level remain intact, even as the recent decision of the CBN to shut out crypto currency traders from the Nigerian financial system. We see this as likely to herd the investors into the equities market, serving as a new tonic for rebound, especially as the fixed income yield remains unattractive, despite the seeming improvement.

The strong resistance level to watch out for on the NSE is within 42.412.66 and 43,000bps, and a break out of these levels, will attract new positioning by traders, given that crude oil is trading almost at $60 in the international market and the government is expecting the first batch of Coronavirus vaccines in this month.

However, we envisage a positive outlook for the rest of Q1, while not ruling out profit booking any time soon, after the market had maintained an uptrend since last year. Also, the impact of the ban on cryptocurrency, border reopening, expected COVID-19 vaccine importation, high liquidity, and extension of the 2020 capital budget implementation. There is also the impact of oil prices trading above $59 per barrel, from its March 2020 low, given strong Money Flow Index, as MACD remains in the bullish zone on a weekly chart. ‘Buy’ volume for the period stood at 20% and sell position at 80% with total transaction index at 1.45.

Bearish Sectoral Indices

The week’s sectoral indexes closed the week bearish, led by NSE Insurance with shed 6.01%, followed by Consumer Goods, Banking, Industrial goods and Oil/Gas which closed 3.22%, 2.28%, 2.07% and 0.16% lower respectively.

The general market outlook remains strong and mixed in the short-term; following which investors should take short and medium-term positions, while diversifying their portfolios along long-term trades to protect capital. This, they can do, by considering sectors with high upside potentials on the strength of earnings and policy influence. The recent market pullback calls for portfolio adjustments and realignments as unaudited numbers from some companies and sectors will expectedly come mixed, given the negative impact of the COVID-19 pandemic and the arson that followed the #EndSARS protests on full-year results, as revealed by the macroeconomic indices.

Transactions in volume and value terms were up by 7.78% and 6.49% respectively, as investors exchanged 2.77bn shares worth N29.69bn, compared to previous week’s 2.57bn units valued at N27.88bn. Volume was driven by trades in Financial Services, Conglomerates and consumer goods sectors, particularly stocks like UBN, FBNH, Transcorp, Zenith Bank and Guaranty Trust Bank.

The best performing stocks for the week, were McNichol and Jaiz Bank which gained 43.14% and 10.77% respectively, closing at N0.73 and N0.72 each on market sentiments and expected full-year earnings reports, while Linkage Assurance and Japaul Gold lost 33.33% and 17.58% respectively, at N0.60 and N0.75 per share on market forces and profit booking.

Market Outlook

We expect the market to slowdown its losing momentum and profits taking, and reverse up on bargain hunters take advantage of the pullbacks to reposition their portfolios ahead of earnings expectations and reactions to numbers that would be unveiled, given that dividend yield remains relatively high. We advise that you target dividend-paying stocks and fundamentally sound companies with growth prospect in 2021, looking the way of mispriced ones, especially given the low interest rates regime and sustained oil price rally that have so far supported the economy and equity market.

There is, nonetheless, also the likelihood of a reversal in trend and continuation, as investors position in high yields stocks ahead of the earnings season. Also, important is the fact that technical indicators reveal overbought on the weekly and daily chart, while the RSI read 70 points and above, a situation that supports the likelihood of another correction.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected 2020 full earnings reports, especially now that the outcome of the MPC meeting has given the market a direction, until the next gathering in March.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the rest of the year.

https://investdata.com.ng/cbns-move-against-crypto-currency-investors-may-boost-funds-inflow-to-ngse/

Market Review for the week ended 5th February and Early Filiers

Hello Investors and Traders,

I just posted Market Review for the week ended February 5th, 2021. Click on the below link to watch Now.

Don't forget to share with me what you think about the analysis. Also click on subscribe button so that you can be among the first to get the latest update.


https://www.youtube.com/watch?v=ibvwwulzQYM&feature=youtu.be

Ambrose Omordion

Sentiment Report for the week ended February 5, 2021

NSEASI buy 20% sell 80% volume index 1.45 MFI 80.50
Access buy 24% sell 76% volume index 0.95 MFI 68.91
Afrins buy 57% sell 43% volume index 3.04 MFI 100.00
Afrprud buy 0% volume index 1.20 MFI 62.11
Aiico buy 6% sell 94% MFI 31.36
Ardova buy 97% sell 3% volume index 1.60 MFI 69.61
Berger buy 0% volume index 0.88 MFI 64.37
Cadbury buy 0% volume index 1.31 MFI 50.63
Cap buy � MFI 42.83
Caverton buy 47% sell 53% volume index 1.07 MFI 55.83
Chams buy 0% volume index 0.94 MFI 72.23
Chiplc buy � MFI 60.14
Corner buy 0% volume index 2.80 MFI 71.38
Courtville buy 50% sell 50% volume index 4.52 MFI 66.54
Cutix buy 0% MFI 77.98
Dangcem buy 0% MFI 59.05
Dangsugar buy 29% sell 71% volume index 1.38 MFI 58.89
Eterna buy 79% sell 21% MFI 54.97
Eti buy 32% sell 68% MFI 48.85
Fbnh buy 36% sell 64% volume index volume 1.58 MFI 55.72
Fcmb buy 0% volume index 3.20 MFI 40.08
Fidelity buy 0% volume index 1.10 MFI 56.52
Fidson buy 0% volume index 2.08 MFI 77.62
Fmn buy 0% volume index 0.75 MFI 83.35
Ftn buy 50% sell 50% volume index 1.56 MFI 33.08
Glaxo buy 0% MFI 54.69
GT buy � volume index 1.86 MFI 59.41
Honyflour buy 0% volume index 5.24 MFI 76.63
Jaiz buy 67% sell 33% MFI 10.68
Jberger buy 0% volume index 0.88 MFI 66.54
Learn buy 0% volume index 0.90 MFI 46.61
Linkass buy 0% volume index 1.61 MFI 85.46
Lvstk buy 24% sell 76% volume index 1.52 MFI 56.90
Mansard buy 17% sell 83% volume index 1.30 MFI 51.19
Maybaker buy 66% sell 34% volume index 4.04 MFI 76.75
Mben buy 30% sell 70% volume index 1.29 MFI 78.68
Mtnn buy 0% MFI 93.98
M/verse buy � volume index 3.49 MFI 66.38
Nahco buy � volume index 0.77 MFI 51.85
Neimeth buy 0% MFI 40.95
Nem buy 29% sell 71% volume index 1.37 MFI 80.82
Npf buy 0% volume index 1.46 MFI 75.24
Oando buy 7% sell 93% volume index 1.40 MFI 71.93
Presco buy � volume index 3.93 MFI 85.99
Prestige buy � volume index 4.53 MFI 61.12
Pz buy 50% sell 50% volume index 1.67 MFI 69.69
Regalins buy 30% sell 70% MFI 43.04
Stanbic buy � volume index 1.88 MFI 62.44
Sterling buy 22% sell 78% MFI 58.24
Total buy 0% volume index 1.02 MFI 76.01
Transcorp buy 0% volume index 1.63 MFI 57.72
Uacp buy 0% volume index 2.26 MFI 52.27
Uacn buy 0% volume index 1.25 MFI 87.14
Uba buy 29% sell 71% volume index 1.10 MFI 57.01
Ubn buy 17% sell 83% volume index 14.49 MFI 36.59
Ucap buy 41% sell 59% volume index 1.37 MFI 85.09
Unilever buy � volume index 0.92 MFI 58.94
Uniondac buy 0% MFI 92.41
Unity buy � volume index 0.90 MFI 70.29
Vitafoam buy 9% sell 91% volume index 1.67 MFI 83.23
Wapco buy 0% volume index 0.71 MFI 72.69
Wapic buy 36% sell 64% volume index 1.24 MFI 66.75
Wema buy 60% sell 40% MFI 45.47
Zenith buy 21% sell 79% volume index 1.03 MFI 61.74

Investdata Weekly Sentiment Report

The Impact of Ban of Cryptocurrency on Equity

Ambrose Here Again,

With respect to the decision by CBN to ban both financial or non-financial institutions from involving in CRYPTOCURRENCY transaction, I just posted The Impact of Ban of Cryptocurrency on Equity. So, if you are serious about getting the best out of your portfolio in 2021, login into the platform and watch the careful analysis immediately because it will help you to make the necessary decision and prepare for the earning season that is coming ahead.

However, you need to login on to the membership site before you can have access to it.

Kindly click on the below link now to login with your username and password

http://investdataonline.com/buy-sell-signal/

However, if you have not joined the buying and selling signal membership, kindly Call or Chat Admin on 08179547605, 08028164085 to indicate your interest in how to get started immediately



To Your Success

Investdata Consulting.



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Your Failure-Avoidance Center... and everything in-between

Ambrose Here Again,

Habenula:
Our Failure-Avoidance Center
Without you taking any risk in life, your growth is impossible... Nature and other circumstances beyond your control force you to automatically deplete in your finance.

Stop and think about that statement for a moment. It’s in our nature to avoid risk. Dr. Britt Andreatta in Wired to Resist discusses the “Habenula: Our Failure-Avoidance Center”, and how it functions to release certain chemicals in the brain that in essence reward success and punish failure.

Nothing Risked...
Nothing Ventured
Yet, when you really get down to the bottom line, you’ve got to be willing to risk something (whether it is risking your reputation, finances, time) in order to really grow.

You need a mindset that is willing to embrace risk (If you so choose). A mindset that is striving to take that next step. To keep going. A mindset that understands that without this, you won’t be able to move forward.

reminiscence...
moving forward...
This is true both for your finance, investment, and your personal life. As I think back over my career, I wouldn’t have been where I am today without being willing to take risks. This is true for both my time working in a large-size organization, as well as when I decided to start InvestData Consulting Limited.

People who find success and continue to advance are those who keep pushing for their best. Whether they tackle a project that seems impossible, push to break record sales goals, start a new product line, and so on.

Whatever the goal, people with a mindset that embraces risk understand that you can’t allow the fear of failure or fear of losing your money hold or any other fear to hold you back. After all, everything in this life is a risk...

So, are you willing to take the risk?

Recently, I introduced you to the different material you must have if you are a serious investor in 2021. They include:

1.Mastering Earnings Season for profitable trading and investing Training Videos + plus PDF
2. Your Strategies for Profitable Investment in Changing Market Dynamics and Recession Training Videos + PDF
3. Buy and Sell Premium Membership for Maximum Profit in either Bull or Bear Market.
4. INVEST 2020 Covid-19 Workshop Replay
5. INVEST 2021 Summit Replay ➕ 10 Golden Stocks guaranteed to give you the best ROI in 2021

Have you taken the action?

Today is another fresh new day and a new beginning, and another opportunity to decide.

Chat or call Admin on +234 817 954 7605 08028164085

The choice is Yours.

Except you Still want to keep complaining about the economy which does not add any value to your portfolio? Instead, it is an unproductive and total waste of your time and energy.

Or you want to take the necessary risk, invest in yourself and secure your future.

Dedicated to Vision and Success,
Ambrose Omordio

https://investdataltd..com/2021/02/your-failure-avoidance-center-and.html

Sentiment Report for February 2, 2021

NSEASI buy 6% sell 94% volume index 1.00 MFI 65.45
Access buy 17% sell 83% volume index 0.97 MFI 51.50
Afrins buy 0% volume index 0.97 MFI 53.82
Afrprud buy 0% volume index 1.47 MFI 70.29
Ardova buy 0% volume index 1.86 MFI 41.88
Caverton buy 0% volume index 0.92 MFI 51.75
Chams buy 0% volume index 1.05 MFI 55.80
Courtville buy � volume index 0.77 MFI 49.80
Dangsugar buy 0% MFI 82.10
Eti buy 0% volume index 0.89 MFI 50.89
Fbnh buy 67% sell 33% volume index 2.09 MFI 51.13
Fcmb buy 50% sell 50% volume index 1.02 MFI 53.88
Fidelity buy 20% sell 80% volume index 1.13 MFI 49.87
Fmn buy � MFI 68.51
GT buy 33% sell 67% MFI 66.62
Honyflour buy 8% sell 92% volume index 5.20 MFI 87.21
Jaiz buy 0% volume index 2.20 MFI 55.82
Jagold buy 0% MFI 65.38
Lvstk buy � volume index 1.55 MFI 66.50
Mansard buy 90% sell 10% MFI 71.06
Maybaker buy 22% sell 78% volume index 4.55 MFI 67.61
Mben buy 17% sell 83% volume index 0.72 MFI 67.81
Neimeth buy 0% volume index 1.03 MFI 32.04
Npf buy 20% sell 80% volume index 1.54 MFI 60.79
Oando buy 0% MFI 33.15
Prestige buy 0% volume index 4.09 MFI 67.02
Regalins buy 0% MFI 58.75
Sovrenins buy � volume index 1.24 MFI 76.50
Stanbic buy 0% volume index 4.48 MFI 4.62
Sterling buy 67% sell 33% MFI 65.66
Transcorp buy 25% sell 75% volume index 0.97 MFI 35.18
Uacp buy 40% sell 60% volume index 1.61 MFI 40.22
Uacn buy 20% sell 80% MFI 81.90
Uba buy 20% sell 80% volume index 1.51 MFI 61.90
Ucap buy 23% sell 77% volume index 2.04 MFI 76.94
Unilever buy � volume index 0.82 MFI 77.93
Vitafoam buy 0% MFI 64.07
Wapco buy 41% sell 59% MFI 84.82
Wapic buy 0% volume index 0.71 MFI 72.24
Wema buy 0% volume index 1.09 MFI 32.61
Zenith buy 0% volume index 1.25 MFI 65.70

Investdata Daily Sentiment Report

https://investdataltd..com/2021/02/sentiment-report-for-february-1-2021.html

Sentiment Report For The Month Of January. 2021

NSEASI buy 99% sell 1% volume index 1.79 MFI 75.01
Abc buy 14% sell 86% volume index 2.99 MFI 78.85
Access buy 63% sell 37% volume index 0.86 MFI 74.32
Afrins buy 62% sell 38% volume index 3.13 MFI 100.00
Afrprud buy 78% sell 22% volume index 1.22 MFI 70.57
Aiico buy 63% sell 37% volume index 2.25 MFI 90.36
Airtel buy � MFI 98.66
Berger buy � MFI 70.17
Cadbury buy 7% sell 93% volume index 2.39 MFI 56.08
Cap buy 0% volume index 0.92 MFI 32.69
Caverton buy 53% sell 47% volume index 1.67 MFI 54.88
Chams buy 42% sell 58% volume index 1.31 MFI 40.85
Chiplc buy 72% sell 28% MFI 30.98
Cileasing buy 0% MFI 61.90
Conoil buy � volume index 0.83 MFI 65.62
Corner buy 30% sell 70% MFI 59.76
Courtville buy 33% sell 67% volume index 3.60 MFI 67.67
Custodian buy 50% sell 50% MFI 27.57
Cutix buy 59% sell 41% volume index 1.57 MFI 56.02
Dangcem buy 55% sell 45% MFI 80.65
Dangsugar buy 94% sell 6% volume index 3.81 MFI 70.24
Eterna buy 21% sell 79% MFI 89.86
Eti buy 75% sell 25% volume index 0.86 MFI 64.86
Fbnh buy 67% sell 33% volume index 0.89 MFI 55.29
Fcmb buy 94% sell 6% volume index 0.77 MFI 72.42
Fidelity buy 84% sell 16% volume index 1.43 MFI 71.70
Fidson buy � volume index 0.86 MFI 71.51
Fmn buy 97% sell 3% volume index 1.80 MFI 59.22
Ftn buy 4% sell 96% volume index 8.91 MFI 100.00
Glaxo buy � volume index 1.76 MFI 64.71
GT buy 83% sell 17% volume index 0.80 MFI 58.60
Honyflour buy 83% sell 17% volume index 2.05 MFI 76.41
Jaiz buy 0% MFI 37.88
Jberger buy � volume index 1.77 MFI 69.59
Lasaco buy 25% sell 75% volume index 4.37 MFI 73.06
Lawunion buy 0% MFI 76.59
Learn buy 31% sell 69% volume index 4.83 MFI 51.84
Linkass buy � volume index 5.12 MFI 68.63
Lvstk buy 70% sell 30% volume index 7.17 MFI 94.94
Mansard buy 41% sell 59% volume index 10.38 MFI 67.56
Maybaker buy � volume index 1.70 MFI 76.64
Mben buy 50% sell 50% volume index 6.63 MFI 91.32
Mobil buy 0% MFI 91.81
Mtnn buy � MFI 88.79
M/verse buy 50% sell 50% volume index 1.83 MFI 100.00
Nahco buy 68% sell 32% volume index 0.72 MFI 66.16
Nascon buy 55% sell 45% volume index 1.27 MFI 68.35
Neimeth buy 71% sell 29% volume index 1.70 MFI 74.01
Nem buy 64% sell 36% MFI 63.42
Npf buy 49% sell 51% volume index 3.11 MFI 69.20
Oando buy 19% sell 81% volume index 1.03 MFI 58.97
Okomu buy � volume index 2.84 MFI 92.42
Presco buy � volume index 1.20 MFI 95.17
Pz buy 77% sell 23% volume index 1.88 MFI 59.22
Red buy 50% sell 50% MFI 38.11
Regalins buy 50% sell 50% volume index 2.53 MFI 47.53
Royalex buy 68% sell 32% volume index 3.91 MFI 65.57
Seplat buy 64% sell 36% volume index 2.35 MFI 25.64
Stanbic buy 38% sell 62% MFI 59.57
Sterling buy 62% sell 38% volume index 0.95 MFI 55.57
Total buy � volume index 1.17 MFI 59.00
Transcorp buy 24% sell 76% volume index 4.21 MFI 69.01
Transexpr buy 71% sell 29% volume index 2.67 MFI 65.38
Uacp buy 87% sell 13% volume index 4.88 MFI 42.67
Uacn buy 74% sell 26% volume index 2.39 MFI 59.58
Uba buy 76% sell 25% volume index 0.91 MFI 56.81
Ubn buy � volume index 6.03 MFI 77.83
Ucap buy 88% sell 12% volume index 1.91 MFI 91.09
Unilever buy 53% sell 47% volume index 1.51 MFI 38.47
Uniondac buy 67% sell 33% MFI 13.40
Unity buy 30% sell 70% volume index 1.12 MFI 75.82
Upl buy 33% sell 67% MFI 42.89
Veritas buy 0% volume index 3.09 MFI 53.98
Vitafoam buy � volume index 3.60 MFI 92.84
Wapco buy 85% sell 15% volume index 3.11 MFI 81.72
Wapic buy 38% sell 62% volume index 1.95 MFI 49.31
Wema buy 31% sell 69% MFI 73.68
Zenith buy 90% sell 10% volume index 0.73 MFI 62.58

Investdata Monthly Sentiment Report

https://investdataltd..com/2021/02/sentiment-report-for-month-of-january.html

Mixed Trends Ahead, As NSEASI Set To Breakout 2017 highs, Gains N1.0tr YTD

Market Update for January 28

The bullish nature of the Nigerian Stock Exchange (NSE) continued Thursday, but at a decreasing momentum, with month-end trading pattern dynamics revealing the possibility of profit booking. This was especially as the benchmark All-Share index extended its bull run for the fourth consecutive trading session, closing higher on improved transaction volume and buying position.

Also on Thursday, the market finally broke out the of 42,000 psychological line, helped by the influx of unaudited corporate earnings offering n insight into what investors should expect from the 2020 December year-end audited earnings reports. This is in the midst of positive sentiments that have been helped by the decision of the Central Bank of Nigeria Monetary Policy Committee (MPC) to leave rates unchanged, following which funds continue to enter the market as indicated by money flow index and sentiment report. It is safe to expect mixed trends and sentiments, with the NSE’s index action set to breakout 2017 highs.

Consequently, we advise that players should take advantage of breakouts to position in dividend-paying stocks, with numbers likely to beat expectation, given that the factors driving the rally remain intact. We note too that trading patterns are supporting mispriced stocks and high yield dividend-paying companies. However, let us not forget that profit taking and price correction are integral parts of stock market investing or trading.

The numbers released so far are providing a more directional investment strategy for investors, but the continued upward trend could also be linked to the several moves by the government, especially through the CBN to take the economic out of recession. We note too that corporate earnings and indeed the stock market are already pointing to a recovery from recession. Despite these moves, we advise that traders and investors should play with caution, considering the sharp movement in the market and happenings around the globe.

Meanwhile, Thursday trading opened on the upside and was sustained throughout the session on increased accumulation of dividend stocks, a situation that pushed the NSE index to an intraday high of 42,192.82 basis points, from lows of 41,924.82bps. Thereafter, it closed the day at 42,169,41bps.

Thursday’s market technicals were positive and strong, with higher volume traded than previous day’s in the midst of positive breadthand buying sentiment as revealed by Investdata’s Sentiments Report showing 91% ‘buy’ and 9% sell position. Total transaction volume index stood at 1.02 points, just as the energy behind the day’s performance remained relatively strong, with Money flow index reading 56.40pts, from the previous day’s 51.78pts, indicating that new funds entered the market.

Index and Market Caps

The composite index, at the end of Thursday’s trading, gained 238.68bps, closing at 42,169.41bps after opening at 41,930.73bps, representing a 0.57% up, just as market capitalization rose by N124.86bn, crossing the N22tr level, its historic high at N22.06tr, from its opening value of N21.93tr, also representing a 0.57% appreciation in value.

Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added 20 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE to our watchlist. These stocks are with double potentials to rally considering their current market value.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current market recovery ahead of earnings season as we await an economic reform policy to stimulate and re-track the economy again.

Thursday’s uptrend was driven by demand for banking stocks and others like Julius Berger, Flourmills, NB, Guinness, Dangote Sugar,Lafarge Africa and Vitafoam, raising Year-To-Date gain mildly to 4.71%, just as YTD gain in market capitalization stood at N1.002tr, or 4.76%.

Mixed Sector Indices

The sectoral performance indexes were mixed, as the NSE Oil/Gas and Insurance closed lower by 1.75% and 0.56% respectively, while the Banking index led the advancers after gaining 2.11%, followed by Consumer and Industrial Goods, with 0.94% and 0.21% respectively up.

Market breadth was positive as advancers outnumbered decliners in the ratio of 28:21; just as activities in volume and value terms were mixed with volume traded rising by 2.17% to 555.32m shares, from the previous day 543.6m units, while transaction value declined by 21.26% to N5.76bn from midweek’s N7.32bn. The day’s volume was boosted by activities in Transcorp, UBN, Zenith Bank, Dangote Sugar and UACN.

Portland Paints and Julius Berger were the best performing stocks, after gaining 10% and 9.95% respectively, closing at N3.19 and N22.65 per share, on market sentiment and forces. On the flip side, Skyway Aviation and Cornerstone Insurance lost 10% and 9.72%, closing at N2.88 and N0.65per share on profit booking.

Market Outlook

Being the last trading day of the week and month, we expect a mixed performance and profits taking, after the NSEASI broke out the 42,000bps to trade outside the upper Bollinger band line on a new trend amidst the persisting buying interests in mispriced companies and dividend-paying stocks, and ahead of the market’s major earnings reporting season. This is especially as the low interest rates regime and oil price have so far supported the Nigerian economy and equity market.

There is, nonetheless, also the likelihood of a reversal in trend and continuation, as investors position in high yields stocks in the New Year. Also, important is the fact that technical indicators reveal overbought on the weekly and daily chart, while the RSI reads 70 points and above, a situation that supports the likelihood of another correction.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected 2020 full earnings reports, especially now that the outcome of the MPC meeting has given the market a direction, until the next gathering in March.

The NSE’s index action and indicators are looking up in the same direction on a very high traded volume and positive buying sentiments.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the rest of the year.

https://investdata.com.ng/mixed-trends-ahead-as-nseasi-set-to-breakout-2017-highs-gains-n1-0tr-ytd/

Sentiment Report for January 28, 2021

Nseasi buy 91% sell 9% volume index 1.02 MFI 56.40
Access buy 33% sell 67% volume index 0.97 MFI 64.71
Afrins buy 0% MFI 57.11
Aiico buy � MFI 76.96
Ardova buy 0% volume index 1.91 MFI 64.56
Cadbury buy 62% sell 38% volume index 8.28 MFI 49.28
Chams buy 0% MFI 63.40
Courtville buy 0% volume index 1.63 MFI 45.90
Dangsugar buy 29% sell 71% volume index 3.96 MFI 84.50
Fbnh buy � volume index 0.89 MFI 53.78
Fcmb buy 29% sell 71% MFI 48.51
Fidelity buy 50% sell 50% volume index 0.97 MFI 64.39
Fidson buy � volume index 3.79 MFI 91.16
Ftn buy 0% volume index 1.07 MFI 37.61
GT buy 62% sell 38% volume index 1.08 MFI 64.16
Jaiz buy 0% MFI 42.32
Jberger buy � volume index 5.94 MFI 81.26
Lasaco buy 0% MFI 84.21
Mansard buy 44% sell 56% MFI 80.18
Maybaker buy � volume index 1.71 MFI 86.83
Mben buy � MFI 78.23
Npf buy � volume index 2.87 MFI 56.46
Regalins buy 0% MFI 64.50
Rtbriscoe buy 0% volume index 1.06 MFI 28.47
Sterling buy 50% sell 50% volume index 1.17 MFI 59.66
Transcorp buy 63% sell 37% volume index 1.55 MFI 34.01
Uacp buy 50% sell 50% volume index 3.99 MFI 31.55
Uacn buy � volume index 3.86 MFI 78.17
Uba buy � volume index 1.12 MFI 63.29
Ubn buy � volume index 16.97 MFI 93.25
Ucap buy 56% sell 44% MFI 87.80
Unilever buy 0% volume index 12.62 MFI 92.30
Unity buy 50% sell 50% volume index 1.48 MFI 45.99
Univins buy � MFI 62.94
Vitafoam buy � volume index 1.38 MFI 71.83
Wapco buy 57% sell 43% volume index 1.81 MFI 90.34
Wapic buy 75% sell 25% volume index 0.79 MFI 76.39
Wema buy 0% MFI 28.98
Zenith buy 89% sell 11% volume index 1.22 MFI 75.84

Investdata Daily Sentiment Report


https://konbstantpvcpipes..com/2021/01/sentiment-report-for-january-28-2021.html

Sentiment Report for January 27, 2021

Nseasi buy 98% sell 2% volume index 1.02 MFI 51.78
Access buy 67% sell 33% MFI 66.23
Afrprud buy 17% sell 83% volume index 1.16 MFI 49.39
Aiico buy � MFI 77.80
Caverton buy 0% volume index 2.39 MFI 43.82
Chams buy 50% sell 50% volume index 0.89 MFI 59.83
Dangsugar buy 57% sell 43% volume index 1.36 MFI 79.52
Eti buy 0% MFI 50.56
Fbnh buy � volume index 1.65 MFI 51.73
Fcmb buy � volume index 1.13 MFI 53.32
Fidelity buy 75% sell 25% MFI 64.76
Fmn buy 0% volume index 0.86 MFI 84.29
Ftn buy � MFI 41.53
Glaxo buy � volume index 0.70 MFI 45.96
GT buy 50% sell 50% volume index 1.39 MFI 57.32
Honyflour buy � volume index 1.10 MFI 53.49
Jaiz buy 33% sell 67% MFI 41.38
Jagold buy � MFI 77.00
Jberger buy � volume index 3.96 MFI 72.86
Lasaco buy � MFI 85.72
Lvstk buy 54% sell 46% volume index 1.64 MFI 65.66
Mansard buy 10% sell 90% volume index 1.04 MFI 80.93
Maybaker buy � volume index 2.79 MFI 85.43
Mben buy 67% sell 33% volume index 1.46 MFI 77.86
Npf buy 0% volume index 2.29 MFI 49.85
Regalins buy � volume index 2.32 MFI 64.28
Royalex buy 67% sell 33% volume index 1.87 MFI 91.39
Sterling buy 40% sell 60% MFI 57.51
Transcorp buy 25% sell 75% volume index 1.22 MFI 31.02
Uacp buy 67% sell 33% volume index 7.38 MFI 20.86
Uacn buy 0% volume index 0.71 MFI 74.36
Uba buy � volume index 1.56 MFI 61.71
Ubn buy � volume index 0.77 MFI 75.93
Ucap buy � volume 2.30 MFI 87.67
Unilever buy 0% volume index 4.59 MFI 83.24
Vitafoam buy 0% MFI 53.91
Wapco buy 79% sell 21% volume index 1.14 MFI 85.17
Wapic buy 0% volume index 1.02 MFI 71.03
Wema buy 67% sell 33% MFI 29.68
Zenith buy 60% sell 40% volume index 1.63 MFI 75.02

Investdata Daily Sentiment Report

https://investdataltd..com/2021/01/sentiment-report-for-january-27-2021.html

Post-MPC Meeting: Investors Shed Caution Mode, As NGSE Index Climbs Higher

Market Update for January 27

Equity prices closed higher on the Nigerian Stock Exchange (NSE) at midweek as buying pressure increased as if to confirm that investors were waiting to see whether the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would pull a surprise at its first meeting of the year which ended on Tuesday. The exchange thereby extended the bull transition for a third successive session on a high traded volume and positive sentiment for Telecoms, Insurance, Banking, Industrial, and consumer goods stocks, which pushed the composite NSE All-Share index higher.

Also on Wednesday, more unaudited results and closed period of companies hit the market in preparation for the main earnings reporting season, even as Livestock Feeds, Cadbury, and Julius Berger, among others released their Q4 and 2020 unaudited reports.

The day’s gain pushed the NSEASI made a new 52-weeks high so early in the year, on a renewed buying pressure ahead of the earnings season and strong volatility that revealed the entrance of funds into the equity space. These investors are searching for higher yield, as well as in dividend-paying and undervalued stocks with strong prospects to grow their earnings in this earnings season, for which reasons they have remained investors’ toast. Such stocks that continue to attract investor attention include: Airtel Africa, MTN Nigeria, May/Baker, United Capital, Lafarge Africa, and Champion Brewery, are selling at their new 52-week high on a strong demand that suggest their prices could still go higher, notwithstanding the expected profit booking.

However, the market has broken out the 41,642.33 ahead of 42,000 psychological line on a positive breadth in the midst of month-end window dressing and repositioning for early filers of the 2020 year-end audited earnings report as revealed by historical data and patterns. It is safe to expect mixed trends and sentiments, as the NSE’s ‘V-shaped recovery is set to breakout the 2017 highs on bargain hunting, while smart money is moving to mark up prices, ahead of the current earnings reporting season.

In all these our advice is that traders should take advantage of the breakouts to position in dividend-paying stocks, with numbers likely to beat expectation, given that the NSE’s index action and money flow index are looking up. Also, do not forget to take profit when set targets are met, because profit taking and price correction are integral parts of stock market investing or trading.

Midweek’s trading started on the upside and was sustained throughout the session on increased buying interests that pushed the benchmark index to an intraday high of 41,936.48 basis points, from its 41,584.94bps lows. Thereafter, it closed the day above its opening figure at 41,930.73bps.

Market technicals were positive and strong, with higher volume traded than previous day’s in the midst of breadth that favoured the bulls on a positive buying sentiment as revealed by Investdata’s Sentiments Report showing 98% ‘buy’ and 2% sell position. With a total transaction volume index of 1.02 points, the impetus behind the day’s performance remained relatively strong, with Money flow index reading 51.78pts, a slight improvement over the previous day’s 50.04pts, indicating that new funds entered the market.

Index and Market Caps

At the end of Wednesday’s trading, the NSE All Share index gained 345.79 basis points, closing at 41,930.73bps after opening at 41,584.94bps, representing a 0.83% growth. Similarly, market capitalization rose by N180.88bn, closing at N21.93tr, from its opening value of N21.75tr, also representing a 0.83% value gain.

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The session’s upturn was driven by demand for stocks like MTNN, Airtel Africa, Fidson, UBA, Lafarge Africa, Zenith Bank, United Capital and Julius Berger, among others, raising Year-To-Date gain mildly to 4.12%, just as YTD gain in market capitalization stood at N923.38bn, or 4.62%.

Bullish Sector Indices

All the sectorial performance indexes were in green, except for the NSE Energy that closed 0.12% in the red, while the Insurance led the advancers after gaining 1.54%, followed by Industrial Goods, Banking and Consumer Goods, with 0.52%, 0.31% and 0.21% respectively up.

Market breadth was positive as advancers outnumbered decliners in the ratio of 35:21; just as transaction in volume and value terms were up by 16.18% and 31.55% respectively, after traders exchanged 543.6m shares worth N7.32bn, compared to the previous 467.89m units valued at N5.57bn. The day’s volume was boosted by activities in Transcorp, Japaul Gold, Zenith Bank, FBNH and UBA.

Consolidated Hallmark Insurance and Guinea Insurance were the best performing stocks, after gaining 10% each, closing at N0.44 and N0.22 per share, on market sentiment and forces. On the flip side, Skyway Aviation and Cornerstone Insurance lost 10% and 9.72%, closing at N2.88 and N0.65per share on profit booking.

Market Outlook

We expect the mixed performance and profits taking to continue, after the NSEASI broke out the 41,642.33bps to touch the upper Bollinger band line on a new trend that is set to breakout 42,000 mark, amidst the persisting buying interests in mispriced companies and dividend-paying stocks, ahead of the market’s major earnings reporting season. This is especially as the low interest rates regime and oil price have so far supported the Nigerian economy and equity market. There is also the likelihood of a reversal in trend and continuation, as investors position in high yields stocks in the New Year. Also, important is the fact that technical indicators reveal overbought on the weekly and daily chart, while the RSI reads 70 points and above, a situation that supports the likelihood of another correction.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected 2020 full earnings reports, especially now that the outcome of the MPC meeting has given the market a direction, until the next gathering in March.

The NSE’s index action and indicators are looking up in the same direction on a very high traded volume and positive buying sentiments.

Again, the current undervalued state of the market offers investors opportunities to position for the short, medium, and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the rest of the year.


Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/post-mpc-meeting-investors-shed-caution-mode-as-ngse-index-climbs-higher/

The Impact of MPC Decision on Equity

Ambrose Here Again,

I just posted The Impact of MPC Decision on Equity that was held on Tuesday 26th January. Although the monetary policy announced by the CBN governor did not really change. However, there a serious implication on your investment. So, if you are serious about getting the best out of your portfolio in 2021, login into the platform and watch the careful analysis immediately because it will help you to make the necessary decision and prepare for the earning season that is coming ahead.

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